Equities researchers at Roth Capital assumed coverage on shares of Remark Media Inc. (NASDAQ:MARK) in a research note issued to investors on Thursday. The brokerage set a “buy” rating and a $8.50 price target on the stock. Roth Capital’s price objective would indicate a potential upside of 93.18% from the stock’s current price.

Remark Media (NASDAQ:MARK) traded down 0.45% during midday trading on Thursday, reaching $4.38. 12,222 shares of the company traded hands. The firm has a 50 day moving average of $4.41 and a 200-day moving average of $4.51. Remark Media has a 12 month low of $3.66 and a 12 month high of $5.40. The stock’s market capitalization is $90.71 million.

Remark Media (NASDAQ:MARK) last released its quarterly earnings data on Thursday, August 11th. The company reported ($0.27) earnings per share for the quarter. The company earned $15 million during the quarter. Remark Media had a negative net margin of 78.94% and a negative return on equity of 236.95%. Analysts forecast that Remark Media will post ($0.90) EPS for the current fiscal year.

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About Remark Media

Remark Media, Inc owns, operates and acquires digital media properties across multiple verticals. The Company operates through the travel and entertainment segment. The travel and entertainment segment includes the Vegas.com and its Roomlia mobile application. The Company is engaged in the sale of various travel and entertainment products, including lodging, air travel, show tickets and tours, which are booked through its travel and entertainment segment, consisting of Vegas.com and its related Websites, including LasVegas.com, mobile applications and retail locations.

5 Day Chart for NASDAQ:MARK

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